adoredtv, thanks for all your info here, It's been extremely helpful.Check out my PSU video, it explains all of this in detail....
Especially after watching your PSU video. I opened my case and confirmed that my PSU has two six pin connectors, and 2 6+2 connectors, so it should be plenty for the 290X requirements. It's an xtreme gear 700W psu. Not sure if that's a good brand or not, but just going by your 'connectors test', it seems like it should be a legitimate 700W (or close to it).
Anyway, I just pulled the trigger on this puppy: http://www.newegg.com/Product/Product.aspx?Item=N82E16814202145
Will report back after I get all my new toys setup.